Distribution Transformer Market: Current Analysis and Forecast (2021-2027)

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Emphasis on Insulation Type (Dry and Liquid Immersed); Product (Pad, Pole, Underground Vault); Phase (Single, Three), Power Rating (500 KVA, 501 KVA to 2,500 KVA, 2,501 KVA to 10,000 KVA and above 10,000 KVA) and Region and Country

Published:

Nov-2021

Pages:

213

Table:

103

Figure:

118

Report ID:

UMEP21529

Geography:

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Report Description
Table of content
Research Methodology

Report Description

Distribution Transformer Market 2
Distribution Transformer Market 2

Global distribution transformer market was stood around US$20 billion in 2020 and is likely to showcase a growth of around 6% during the forecast period (2021-2027). Factors are that are proliferating the market size of distribution transformer such as growing focus on green energy, advancement in the transformer industry coupled with rebuilding and modernization of aging power infrastructure are positively influencing the industry outlook. In addition, important drivers increasing growth in the global distribution transformer market are the smart grid electrifying the market and advancement in the transformer industry. In addition, positive outlook toward renewable integration favored by the regulatory inclination toward the establishment of a sustainable energy mix will drive the market growth.

During the Covid-19 pandemic, demand for distribution transformer market had slowed as countries were forced to implement lockdowns during the first half of 2020. Strict guidelines were issued by governments and local authorities, and all non-essential operations were halted. Moreover, industries across the world were shut down that reduced the electricity consumption also caused the economic and financial problems in several economies. Hence, shortage of funds also negatively impacted the upgradation of existing distribution transformer and its raw material.  

Different Types of Distribution Transformer Insulation, 2020

Distribution Transformer Market 3
Distribution Transformer Market 3

ABB, Eaton Corporation Plc, Bemag Transformers, BHEL (Bharat Heavy Electricals Ltd), Bowers Electricals, Siemens AG, Crompton Greaves, Daihen Corporation, Diamond Power Infrastructure Ltd., General Electric. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report

“Amongst Insulation Type, Liquid immersed segment holds the major share”

Based on insulation type, the distribution transformer market is bifurcated into dry and liquid immersed. Liquid immersed caters considerable market share in the distribution transformer market. It is mainly due to a liquid that is more thorough medium for cooling application hence, liquid-based transformer is a better option than dry type. The biggest advantage of an oil-filled transformer is that it can handle higher ratings.

“Amongst Product, Pole segment holds the major share”

Based on product, the distribution transformer market is divided into pad, pole, underground vault. Currently, pad mounted captures extensive share owing to its rising usage in a wide range of applications in ground distribution loads as well as their utilization for application in renewable energy installation.

“Amongst Power Rating, 2501 KVA-10000 KVA Segment holds the major share”

Based on power rating, the market is segmented into up to 500 KVA, 501 KVA to 2,500 KVA, 2,501 KVA to 10,000 KVA and above 10,000 KVA. Currently, 2,501 KVA-10,000 KVA captured extensive market share and expected to grow at a considerable rate. The distribution transformers ranging from 2,501 kVA–10,000 kVA are widely used in industrial and commercial sectors due to high power consumption as compared to residential power consumption. 

“Asia Pacific represents one of the largest markets of Global Distribution Transformer Market”

For a better understanding of the market dynamics of the global distribution transformer market, a detailed analysis was conducted for different regions including Asia Pacific, North America, Europe, and Rest of the World. Asia Pacific dominant the market demand. It is predominantly owing to the increasing power generation capacity plans and growing demand for replacing/refurbishing of aging distribution transformers.

Reasons to buy this report:

  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts
  • The report presents a quick review of overall industry performance at one glance
  • The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
  • The study comprehensively covers the market across different segments
  • Deep dive regional level analysis of the industry

Customization Options:

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1.1.Market Definitions
1.2.Limitation
1.3.Stake Holders
1.4.Currency used in Report

 

2.1.Research Process of the Distribution Transformer Market
2.2.Research Methodology of the Distribution Transformer Market
2.3.Forecasting Method
2.4.Respondent Profile
2.5.Main Objective of the Distribution Transformer Market Study
3MARKET SYNOPSIS
4EXECUTIVE SUMMARY

 

5GLOBAL DISTRIBUTION TRANSFORMER MARKET COVID-19 IMPACT

 

6GLOBAL DISTRIBUTION TRANSFORMER MARKET REVENUE (USD BN), 2019-2027F
7.1.Dry
7.2.Liquid immersed
8.1.Pad
8.2.Pole
8.3.Underground vault

 

9.1.Single
9.2.Three
10.1.Up to 500 kVA
10.2.501 kVA-2,500 kVA
10.3.2,501 kVA-10,000 kVA
10.4.Above 10,000 kVA

 

11.1.North America Distribution Transformer Market 
 11.1.1.United States
 11.1.2.Canada 
 11.1.3.Rest of North America
11.2.Europe Distribution Transformer Market 
 11.2.1.Germany 
 11.2.2.France 
 11.2.3.Spain 
 11.2.4.Italy 
 11.2.5.United Kingdom
 11.2.6.Rest of Europe
11.3.Asia Pacific Distribution Transformer Market
 11.3.1.China 
 11.3.2.India 
 11.3.3.Australia 
 11.3.4.Japan 
 11.3.5.Rest of Asia Pacific
11.4.Rest of World Distribution Transformer Market 

 

12.1.Market Drivers
12.2.Market Challenges
12.3.Impact Analysis
13DISTRIBUTION TRANSFORMER MARKET OPPORTUNITIES
14DISTRIBUTION TRANSFORMER MARKET TRENDS
15LEGAL & REGULATORY FRAMEWORK
16.1.Demand Side Analysis
16.2.Supply Side Analysis
 16.2.1.Top Product Launches
 16.2.2.Top Business Partnerships
 16.2.3.Top Business Expansions, Investments and Divestitures
 16.2.4.Top Merger and Acquisitions

 

17VALUE CHAIN ANALYSIS

 

18.1.Competitive Landscape
 18.1.1.Company Shares, By Revenue

 

19.1.ABB
19.2.Eaton Corporation Plc
19.3.Bemag Transformers
19.4.BHEL (Bharat Heavy Electricals Ltd)
19.5.Bowers Electricals
19.6.Siemens AG
19.7.Crompton Greaves
19.8.Daihen Corporation
19.9.Diamond Power Infrastructure Ltd. 
19.10.General Electric
20DISCLAIMER

Research Methodology

Analyzing the historical market, estimation of the current market, and forecasting the future market of the global distribution transformer market were the three major steps undertaken to create and analyze the adoption of Distribution Transformer system in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global distribution transformer market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of distribution transformer market through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the distribution transformer market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report as insulation type, product, phase and power rating. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of distribution transformer market. Further, we conducted factor analysis using dependent and independent variables such as rising demand for electricity has led to the strengthening of electric transmission and distribution network was considered for demand and supply-side scenarios considering top partnerships, merger and acquisition, business expansion, and product launches in the distribution transformer market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global distribution transformer market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., top-down/bottom-up approach was applied to arrive at the market forecast about 2027 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of value (US$) and the adoption rate of distribution transformer market across the major markets domestically
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in the global distribution transformer market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Distribution Transformer Market 1
Distribution Transformer Market 1

Market Engineering

Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the global distribution transformer market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of insulation and their type of the global distribution transformer market.

The main objective of the Global Distribution Transformer Market Study

The current & future market trends of global distribution transformer market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends were determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

  • Analyze the current and forecast market size of distribution transformer market in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
  • Segments in the study include areas of insulation type, product, phase, and power rating.
  • Define and analysis of the regulatory framework for the distribution transformer market industry.
  • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
  • Analyze the current and forecast market size of the distribution transformer market for the major region
  • Major regions studied in the report include Asia Pacific, Europe, North America and Rest of the world.
  • Company profiles of the distribution transformer market and the growth strategies adopted by the market players to sustain in the fast-growing market
  • Deep dive regional level analysis of the industry